Serica Energy Share News (SQZ)

Serica board rejects revised offer from Kistos

(Sharecast News) - Kistos announced a revised proposal for Serica Energy on Monday, after its first offer was rejected by the Serica board on 1 June.

IN BRIEF: Serica Energy boosted by "exceptionally strong" commodities

Serica Energy PLC - London-based oil & gas company - Says commodity prices have been "exceptionally strong" since the start of 2022 with a resulting positive impact on income. July gas price to date stands at 191.8 pence per therm, up compared to 124.8 pence in June. "The 2022 year-to-date gas price has averaged 177p/therm which is significantly higher than the 2021 full year average of around 113p/therm," it notes.

Serica Energy upbeat on 2022 progress to date

(Sharecast News) - Upstream oil and gas company Serica Energy said in an update on Wednesday that production performance in 2022 was benefitting from its "significant investment" in the Rhum R3 well reintervention, the Columbus development project and now the LWIV campaign.

UK dividends calendar - next 7 days

TRADING UPDATES: Eqtec seeks raise; Black Sea Property buys

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

LONDON MARKET MIDDAY: Stocks fall; euro drops to parity against dollar

(Alliance News) - Stock prices in London were lower at midday on Tuesday on fears that central bank moves to fight inflation will spark a recession, while the euro hit parity against the dollar for the first time in almost 20 years.

AIM WINNERS & LOSERS: Serica, Kistos trade offers; tinyBuild upbeat

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

Kistos, Serica reject each other's takeover bids but see merger merits

(Alliance News) - Kistos PLC and Serica Energy PLC on Tuesday revealed they have traded takeover offers, with each rejecting the other as they mull combining to create a company that could rank within the FTSE 250 index.

Serica Energy rebuffs £1bn approach from Kistos

(Sharecast News) - North Sea specialist Serica Energy has rejected a £1bn takeover approach from smaller rival Kistos, it was confirmed on Tuesday.

IN BRIEF: Serica Energy spuds North Eigg well in North Sea

Serica Energy PLC - London-based oil & gas company - Says the North Eigg exploration well in the Northern North Sea spudded on Monday. If successful, Serica says the reservoir will be gas filled and provide low emissions gas to the UK domestic market during 2025 to 2035. "It is anticipated that a discovery at North Eigg would be developed utilising Serica's nearby 98% owned and operated infrastructure on the Bruce platform," the company notes.

Serica Energy announces spudding of North Eigg well

(Sharecast News) - North Sea-focussed upstream oil and gas company Serica Energy announced the spudding of the North Eigg exploration well on Monday.

LONDON BROKER RATINGS: HSBC cuts pub stocks; Goldman downgrades M&S

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

UK dividends calendar - next 7 days

UK shareholder meetings calendar - next 7 days

North Sea firms warn Britain's Sunak windfall tax will slow investment

LONDON, June 23 (Reuters) - North Sea oil and gas companies on Thursday told Britain's finance minister Rishi Sunak that a planned windfall tax on energy profits could undermine new developments in the basin.